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we are expected to see john boehner speak. am i wrong in assuming we did not think we will get any comments from either side? >> you are right. the issue with that is typically when you are making progress you won't hear from the principals or get any leaks and we have seen that the last couple days but we heard from john boehner friday and the president yesterday so people have been talking and there are folks around town seeing that as a negative indication and sources have told us it has been slow going in these negotiations. cheryl: rich edson. dennis: the dow losing 112, they're starting to catch wind that john boehner will say something depressing instead of hopeful. clearly betting on good news. cheryl: rich edson obviously standing by, thank you, we will take those live comments from john boehner when you guys appear on the house floor. dennis: i will go with this. even if we do avoid the fiscal cliff our next guest says a european blow up and apple topping out could be bigger holders for the market in 2013. there is g
we are expected to see john boehner speak. am i wrong in assuming we did not think we will get any comments from either side? >> you are right. the issue with that is typically when you are making progress you won't hear from the principals or get any leaks and we have seen that the last couple days but we heard from john boehner friday and the president yesterday so people have been talking and there are folks around town seeing that as a negative indication and sources have told us it...
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Dec 11, 2012
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we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat pr
we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move...
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Dec 10, 2012
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john boehner sitting by himself. all alone. not a single member of the party willing to share his company. he didn't even have any milk to drink, because -- tell them why. >> they have taken my milk and up there it in the garbage. >> eric: bar guy.>> poor guy. >> dana: hard to be a leader. lonely at the top. i have a story about a monkey and ikea. the shoppers are at ikea and they look down and there is a monkey in a coat. he got away from his owners. so the monkey was walking around. they got fined. they only got fined $240 for having illegal pet. which you can't have a monkey, bob, i know you had one in college. not a good idea. do not try this at home. i thought that was weird. at the time, set your dvrs or tune in at 1:00 p.m. i'm on the record filling in for greta. greg, do not give a look like that, mr. self-promotion. on the record tonight. >> bob: mention the book. >> dana: talk about the monkey? >> greg: where did a monkey get a coat that size. i need to find out. it's hard for me to get -- >> dana: down the street. we
john boehner sitting by himself. all alone. not a single member of the party willing to share his company. he didn't even have any milk to drink, because -- tell them why. >> they have taken my milk and up there it in the garbage. >> eric: bar guy.>> poor guy. >> dana: hard to be a leader. lonely at the top. i have a story about a monkey and ikea. the shoppers are at ikea and they look down and there is a monkey in a coat. he got away from his owners. so the monkey was...
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Dec 12, 2012
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we know president obama and house speaker boehner sat down for a no cameras meeting over the weekend. the competing offers come after both sides aired sharp differences on the house floor. watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes to taxes the top senate republicans said it was time for his party to give in and move on. >> what the president is trying to the achieve on the top two tax rates, you know, he can get by doing nothing. the law is certainly stacked in his favor. >> sharing the view a tack increase is all but inevitable. >> senator coburn is joining us now. you have said the tax rates are going up on the wealthiest 2% of a americans. it sounds li
we know president obama and house speaker boehner sat down for a no cameras meeting over the weekend. the competing offers come after both sides aired sharp differences on the house floor. watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors...
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Dec 11, 2012
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neil: speaker boehner and the president not as good as you. good to see you. remember him? now a new union phelan is him. scott walker never got the union carolers to show up at his house but like cannot tonight they will be singing at his house. ♪ e nancial was founded back in 1894, they've been committed to putting clients first. helpingenerations through tough times. good times. never taking a bailout. there wn you need them. helping millions of americans over the centuries. the strength of a globalinanal leader. the heart of a onto-one relationship. togeththeror your future. ♪ 8700 vince descending on the home of one michigander governor tonight. i am told to seeing christmas carols but may not be in the spirit. they are angry for trying to poult a scott walker but he says not true. he once again state workers are right to whether there want to be a union. they don't have to. but they don't see it that way any different than lee scott walker offer to kill the union. who s right? to both guest, at first why the governor? >> they are targeting as an interesting time p
neil: speaker boehner and the president not as good as you. good to see you. remember him? now a new union phelan is him. scott walker never got the union carolers to show up at his house but like cannot tonight they will be singing at his house. ♪ e nancial was founded back in 1894, they've been committed to putting clients first. helpingenerations through tough times. good times. never taking a bailout. there wn you need them. helping millions of americans over the centuries. the strength...
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. >>> talks between the white house and house speaker john boehner's office having been increasing. the discussions have become more serious and both sides still face major differences. there's an office peace by republican senator portman in the "wall street journal." while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured fro
. >>> talks between the white house and house speaker john boehner's office having been increasing. the discussions have become more serious and both sides still face major differences. there's an office peace by republican senator portman in the "wall street journal." while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will...
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Dec 10, 2012
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no war. >> well, that's -- that's the rate question. the income to government. spending side of the equation. if we simply return back to the spending rates as a percentage of our economy of the clinton era, this thing would be fixed like that. >> that's what we keep hearing. anyway, representative, good to have you on the program. >> thanks for having me. >> can't wait to hear what the traders have to say about this. "fast money halftime report" with scott wapner and the crew begins right now. >>> all right, brian and thanks so much. welcome to "halftim
boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no...
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Dec 10, 2012
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any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the center with the comments over the weekend from senator corker and this morning, letting the tax rates go higher so the shift can be, the time shift can be spent on entitlements. >> the republicans some how want democrats to say what they want to cut on entitlements first, that's not going to happen. republicans need to ask for that. corker has always been a little bit more moderate. it's not that surprising to hear it from him. it would be mor
any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart,...
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neil: speaker boehner d the esident not as good as you. good to see you. rememb him? now a new union phelan is him. scott walker never got the union carers to show up at his house but like cannot tonight they will be sging at his house. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now throughecember 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just o 200mg celebrex a day can provide 24 hr relief for many with a arthritis pan and inflammation. plus, in clinical studies, celebrex is proven to impre daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you
neil: speaker boehner d the esident not as good as you. good to see you. rememb him? now a new union phelan is him. scott walker never got the union carers to show up at his house but like cannot tonight they will be sging at his house. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now throughecember 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local...
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speaker boehner's approval rating is taking a beating. the top tax rates that is a core issue for republicans, even though we are hearing from more of them, a handful of members in both the house and senate talking about the likely hood that that will in fact happen. the highest earners will pay more. that would likely be the last piece of the puzzle in a negotiation. i'm hearing from people in both sides say expect this to keep going and a likelihood if a deal is achievable it will happen close to the deadline seems to be the thinking. they are telling everybody to be prepared to be here during the holidays. we are hearing that as well. there is sort of a resignation that it's going to be a long process. >> thank you, kelly. great le appreciate it. the national political reporter for the atlantic democratic strategist keith bicycle in. amy stoddard, associate editor for the hill paper. thank you all for joining us. let me start off with you. we are going to show our audience later the headlines or a couple of the headlines out there. if
speaker boehner's approval rating is taking a beating. the top tax rates that is a core issue for republicans, even though we are hearing from more of them, a handful of members in both the house and senate talking about the likely hood that that will in fact happen. the highest earners will pay more. that would likely be the last piece of the puzzle in a negotiation. i'm hearing from people in both sides say expect this to keep going and a likelihood if a deal is achievable it will happen...
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Dec 8, 2012
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the president did have an onization with john boehner. both sides publicly at least are blaming the others for delaying here. i think both sides are said we know what we want to do, which is for the white house raise rates on the rich. but what can they talk about behind the scenes when the republicans are saying we don't want to do that, on the flip side the white house is saying they don't want to do the republican idea of just capping loop holes at least right now. they want to do that next year with a broader tax reform debate. right now there's not a lot to talk about. the president is going on the road again to detroit on monday and continue his public relations campaign on this to galvanize public opinion. behind the scenes not much. >> molly, have you heard reports that the president and john boehner may be meeting face-to-face? if so what do you hear about that? were that to happen would you expect much to come from that? >> i think we'll know these talks are directly engaged when we do have more communication between the actual
the president did have an onization with john boehner. both sides publicly at least are blaming the others for delaying here. i think both sides are said we know what we want to do, which is for the white house raise rates on the rich. but what can they talk about behind the scenes when the republicans are saying we don't want to do that, on the flip side the white house is saying they don't want to do the republican idea of just capping loop holes at least right now. they want to do that next...
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boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with himself and not facing the reality that he doesn't really have a lot of leverage. >> indeed. jared, speaking of the details themselves, speaker boehner is saying that his is a serious offer that produces sufficient revenue and savings for the next decade. you're an economist, does it? do his numbers really add up? >> well, no, they don't add up because they lack any level of specificity that you would need to even write them down and put a plus sign next to them so see if they'd add up. he did the same -- >> hang on a second though. he said he stuck $800 billion in revenu
boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with...
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representative boehner's calls for $800 billion in new revenue, $600 billion in savings from medicare and medicaid, and $300 billion from other domestic programs. in a big slip for small business, confidence took a tumble in november. the national federation of independent business says its confidence index of small biz owners dropped 5.6 points last month - that's one of the largest drops the study has ever shown. the group says the fiscal fiasco in washington, along with the upcoming healthcare overhaul, is shattering optimism within the sector. however, it's not all doom and gloom. some business owners are expecting better sales and improving credit conditions in the new year. if you've had a positive experience at a jp morgan bank of late, you're not alone. the nation's largest bank by assets has jumped to first place in the american customer satisfaction index, edging out perennial favorite wells fargo. the survey interviews 70,000 customers each year on their satisfaction levels with checking, savings and personal loan accounts. bank reputations have taken a hit recently in the
representative boehner's calls for $800 billion in new revenue, $600 billion in savings from medicare and medicaid, and $300 billion from other domestic programs. in a big slip for small business, confidence took a tumble in november. the national federation of independent business says its confidence index of small biz owners dropped 5.6 points last month - that's one of the largest drops the study has ever shown. the group says the fiscal fiasco in washington, along with the upcoming...
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the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a deficit and a debt, a national debt under the boehner plan -- remember, this is the o plan, this is the b plan -- $25.2 trillion by 2022. mr. obama wants $350 billion in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and what you and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are
the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a...
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Dec 13, 2012
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maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lou: joining me now is the a-time, suzanne we start with you, is this going to be a deal or are speaker boehner and president obama wasting our time? the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent c
maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus which includes...
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john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. i was so heart broken to hear this i said, look, how about this, john? if you agree to a 1% rate on the top 2 americans, just 2 people, i will dissolve social security. dissolve it. so we took it to the republicans and congress and what do they do? >> invited me to a pizza party. >> and when they got there -- when you got there, sir? >> it was a burned out warehouse. >> did you go inside? >> yes. >> and was there any pizza? >> no. >> and then what happened? >> they jumped out and pelted me with eggs. >> fresh eggs? >> rotten eggs. >> bill, i'll tell you, i feel like john boehner. mike has invited me to dinner many, many times. i show up and he's not there. all right. let's turn to reality news now. mtv has been looking for replacements of the "jersey
john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. i was so heart broken to hear this i said, look, how about this, john? if you agree to a 1% rate on the top 2 americans, just 2 people, i will dissolve social security. dissolve it. so we took it to the...
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house speaker john boehner said he's hopeful it will happen before the deadline, but speaker boehner making the case accepting the white house's plans would make the u.s. problems worse. listen to this. we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. >> so what's it going to take for both sides to come together and strike a deal? let's ask our next guest, congressman chris van hollen of maryland, the top congressman on the budget committee. welcome back. >> always good to be with you. i understand maria was just down on capitol hill. >> sorry i missed you. >> come on back. >> she will be back. we will all will, because we're all taking the temperature right now. how hopeful are you that you get a deal in a timely manner on this miss call cliff right now? >> well, i think there's a better than 50% chance that by the end of this month, so by december 31st, there will be an agreement, but obviously there are lots of hurdles to go before we get there. the
house speaker john boehner said he's hopeful it will happen before the deadline, but speaker boehner making the case accepting the white house's plans would make the u.s. problems worse. listen to this. we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. >> so what's it going to take for both sides to come together and strike a deal? let's ask our next guest,...
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i applaud like charlie gaerino barack obama's suess, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> se, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dagen's point we have it in us, but we haven't shown it? >> the lawmakers in washington don't, they're a bunch of gutless weasels who don't-- >> that language there. >> furthermore it's not productive language. >> well, they're not productive, and cticizing me for calling them gutless when that's exactly what they are. >> i'm trying to draw a distinction between-- >> come on. the gutless weasels on the one hand and not doing a good enough job on the other hand, let's cheer them on anday we honor your service, no do a better job. >> yeah i got cheered when i didn't unload the dishwasher when i was a kid instead sent to the corner and sit the
i applaud like charlie gaerino barack obama's suess, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> se, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dagen's point we have...
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one having to do with the c p is and a lot of debate about the john boehner plan and the cpi not as fed chairman but economists. is very logic in going -- do you think it is a move that should be done separate from the politics of it? and with your comments at the labour market you talked about the importance not looking at 6.5% threshold but broader conditions, a big debate, people being beamed to mars. what is happening in the job market? are we creating jobs? is that is why it is coming down or is it because of discouraged workers? what is your sense of how quickly it has fallen because of new employment? >> on the first question, the cpi, the six weeks tp i, the technical issue, technically better according to most economists because it allows for changes in the mix of goods and services that people actually consume more effectively. however, whether that is more appropriate for social security indexing or not it is also a political decision. i suppose a rejoinder would be neither the cpi nor the joined cp i is a good measure of cost of living for social security recipients. those a
one having to do with the c p is and a lot of debate about the john boehner plan and the cpi not as fed chairman but economists. is very logic in going -- do you think it is a move that should be done separate from the politics of it? and with your comments at the labour market you talked about the importance not looking at 6.5% threshold but broader conditions, a big debate, people being beamed to mars. what is happening in the job market? are we creating jobs? is that is why it is coming down...
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doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address why you're in debt to begin with. long-term debt is baby
doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president....
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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Dec 12, 2012
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boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program, operation twist, is set to expire at the end of the month. cnbc will begin at 12:00 p.m. eastern. >>> joining us is stewart richardson, partner at rpmg. the press conference -- we'll hear a fresh round of stimulus from the fed. how significant would that be? >> in my mind it's not that significant. i think as optics, people think this is another addition to the stimulus. the fact is that the fed for months and months and months when they go out to purchase longer term treasuries, they're trying to reduce the supply of those in the market and effectively swap sh
boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program,...
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but the president needs john boehner more than john boehner needs the president. >> does the speaker have enough votes inside his caucus to agree to some kind of tax rate hike in the upper echelons of society, does he have enough votes that he can put together with whatever nancy pelosi can stir up and pass it? >> i'm not sure there's support for rate hike, there is support for the revenue by cleaning up the tax code. >> isn't there $800 billion of collected revenue still a tax hike? >> this has been part of the debate for years. looking at cleaning up the code. and candy, getting in there and -- there are so many ways you can do it. maybe you want to cap total deductions, maybe you want to look at some of these tax credits and clean this code up. dave campus p dave's camp has put an incredible amount of time on this. it is the time, this is the opportunity to clean that code up. >> if we don't act before the end of the year, taxes go up for everybody, not for 2%, and it's a lot more than $800 billion. there's a big difference between a temporary tax cut that goes out than's proactiv
but the president needs john boehner more than john boehner needs the president. >> does the speaker have enough votes inside his caucus to agree to some kind of tax rate hike in the upper echelons of society, does he have enough votes that he can put together with whatever nancy pelosi can stir up and pass it? >> i'm not sure there's support for rate hike, there is support for the revenue by cleaning up the tax code. >> isn't there $800 billion of collected revenue still a...
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. >>> gasoline almost half a buck cheaper and going lower as obama and boehner meet face to face to peer over the looming fist cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've seen in two months. a low moving storm dumped more than a foot. 150 flight cancellations and delays at minneapolis st. paul airport. nbc meteorologist bill karins has been tracking those storms. it looks bad. >> impressive. ten inches in minneapolis. winter has arrived and in a big way through the middle of the country. the wind chills are brutal this morning. all of this mess is now sliding to the east coast. thankfully not the snow and ice. the storm itself is actually located over lower michigan heading up towards just north of buffalo. these storms in the winter that track up into canada drag warmer air to the east coast. that's why we're
. >>> gasoline almost half a buck cheaper and going lower as obama and boehner meet face to face to peer over the looming fist cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've...
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boehner wants more specifics of obama. who's going to show their hand first in this game of chicken? >> well, i certainly hope the president doesn't because he's got all the cards. he has aces up the sleeve so, you know, the bush tax cuts simply expire at the end of the year. i know there's a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope, whatever. maybe it's not optimal but it's way better than a bad deal and i think i can't see getting a serious deal done before the holidays. if you talk about all of the intricate things that wonks on both sides maybe could agree, i'm not sure i would agree to any of them, they're so complicated. senator durbin made this point. maybe you force changes on medicare or social security, i hope not but if you do, you can't do that in ten days or five business days or whatever it is. these things take a lot of time and so for the president to -- for democrats to agree to sort of kick the can, extend the tax cuts for another period of time is c
boehner wants more specifics of obama. who's going to show their hand first in this game of chicken? >> well, i certainly hope the president doesn't because he's got all the cards. he has aces up the sleeve so, you know, the bush tax cuts simply expire at the end of the year. i know there's a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope, whatever. maybe it's not optimal but it's way better than a bad deal and i think i can't see getting...
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Dec 6, 2012
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they w
they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal...
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president obama and speaker boehner met privately yesterday. nbc news first read team makes this point. if the plan is to get something passed by friday, december 21, right before the christmas holiday, then the legislation has to be written by december 18th and that means that obama and boehner must reach a deal by december 14th, 15th if there is going to be a deal. so the time for posturing and pr is over. a new political poll shows that likely voters support the president's tax increase on the upper brackets. 60% favor raising taxes on households that earn more than $250,000. 64% favor raising taxes on large corporations. 33 oppose. the poll asked likely voters, do you believe that if we raise taxes on households that earn over $250,000 per year, it will have a negative impact on the economy. 38% said yes. 58% got it right and said no. today president obama outlined the deficit reduction legislation he would sign into law. >> what you need is a package that keeps taxes where they are for middle class families, we make some stuff spending cut
president obama and speaker boehner met privately yesterday. nbc news first read team makes this point. if the plan is to get something passed by friday, december 21, right before the christmas holiday, then the legislation has to be written by december 18th and that means that obama and boehner must reach a deal by december 14th, 15th if there is going to be a deal. so the time for posturing and pr is over. a new political poll shows that likely voters support the president's tax increase on...
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boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this auction is up. they're incredible. internship at chanel. come on you know a kid that wants that. incredible offers. good luck. good work you're doing, kerry. >> thank you for doing this. liz: kerry kennedy. oh the website, rfccenter.org. >> rfkcenter.org. liz: then you will click on it and see where the auction is. go falconning with rfk, jr., her brother. that's what you would like? david: i would like to go falconning. i would have to bid. liz: 5100. david: that is not bad. for a good cause. liz: always. david: apple and google have become french mys. -- frenemis. they are on a bid for kodak patents. we'll have the details coming next. ♪ . [ male announcer where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questis about incorporating a busines
boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this auction is up. they're incredible. internship at chanel. come on you know a kid that wants that. incredible offers. good luck. good work you're doing, kerry. >> thank you for doing this. liz: kerry kennedy. oh the website, rfccenter.org. >> rfkcenter.org. liz: then you will click on it and see...
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>> hashtags with names like fire boehner have become popular. still, where the votes get counting, boehner seems to have more room to maneuver than he did in preelection faceoffs. but it begs the question, even if the republican speaker gets a deal, can he get it passed? joining me now is tom cole of oklahoma, martha blackburn of tennessee, thank you both for joining us, and i think that's really the key question that we keep hearing. they'll get a deal -- they'll get something. but it doesn't matter if the two of them get a deal, it matters if the speaker has the house votes for it. tell me about the feeling in the caucus now for how free of a hand the speaker has. >> i think people are looking at how do we solve the system-wide problems. if you're going to talk revenues, you have to talk cuts, reform of your trust funds, medicare and social security -- >> you have 20 something days to do that. >> these are things that we have been talking about for years. the fiscal cliff is a name that the media came up with, but some of us have been saying f
>> hashtags with names like fire boehner have become popular. still, where the votes get counting, boehner seems to have more room to maneuver than he did in preelection faceoffs. but it begs the question, even if the republican speaker gets a deal, can he get it passed? joining me now is tom cole of oklahoma, martha blackburn of tennessee, thank you both for joining us, and i think that's really the key question that we keep hearing. they'll get a deal -- they'll get something. but it...
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rejected boehner's deal. it's hard to see how boehner will get a different outcome this time around. eric cantor looking right over his shoulder. you could make the argument that cantor is the big player who is not in the room. because if boehner does a deal with the president and goes back and tries to get the republicans to vote for it in the house and cantor says no, where are we? the president, calm, cool and collected and remembering what this election is all about. get your cell phones out. tonight's question. will republicans punish e speaker boehner for trying to work with the president? text a for yes, b to no to 622639. we'll bring the results later on in the show. joining me tonight is congressman emanuel cleaver from missouri. great to have you with us. >> good to be with you. >> i'd like to talk about the congressional black caucus if i could. they have been very, very strong about do not touch the entitlements, we're not going to move on this. so you have the president not moving on rates. you h
rejected boehner's deal. it's hard to see how boehner will get a different outcome this time around. eric cantor looking right over his shoulder. you could make the argument that cantor is the big player who is not in the room. because if boehner does a deal with the president and goes back and tries to get the republicans to vote for it in the house and cantor says no, where are we? the president, calm, cool and collected and remembering what this election is all about. get your cell phones...
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john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline right now and there's a lot of supply of oil, you still have to worry about the concerns about the middle east heating up. going into a weekend i'm amazed we're not getting more of a rally off of that. back to you melissa and adam. melissa: that's a great point. phil flynn, thanks so much. adam: we have breaking news right now and this is of verying ford. ford is recalling 19,000 of 2013 fusion sedans for another -- this is the second recall for this vehicle according to "the wall street journal" here's the issue. it has to do with a codin
john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline...
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not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
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bill: john boehner, direct, to the point. you need a plan that can pass both the house and the senate. that's where we are right now on the fiscal cliff. december 5th is it? there it is on the calendar. quick break more of what eric cantor said just moments ago. martha: during his 42 years in congress brooks is best known for voting to significantly cut government spending and to pass several historic laws including the civil rights act of 1964. what a life. jack brooks, dead at 89. bill: 25 minutes past the hour. there could soon be a major shortage of primary care doctors. the journal of the medical american association says 22% of internal medicine residents are planning to become internal medicine doctors. what does this mean to you? marc siegl joins us now with the latest on this. doctor, nice to see you. >> good to see you. bill: what does it mean. >> i want to explain to our views out there exactly what an internal medicine doctor is. we always talk about primary care. primary care is a pediatrician, obstetrician, gyne
bill: john boehner, direct, to the point. you need a plan that can pass both the house and the senate. that's where we are right now on the fiscal cliff. december 5th is it? there it is on the calendar. quick break more of what eric cantor said just moments ago. martha: during his 42 years in congress brooks is best known for voting to significantly cut government spending and to pass several historic laws including the civil rights act of 1964. what a life. jack brooks, dead at 89. bill: 25...
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it's president and boehner. so the rest of ru russian us arg on sending messages by coming to your show. >> neil: the message i got is that you are not near a deal. is that accurate? >> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal cliff, which, of course, in all common sense and sanity that's what we would do. we have to act. we're on automatic here. you know that. right now i can feel the contrary happening. in both caucuses and the senate, people are beginning to to the inside interest groups so the democrats say don't touch entitlement programs and republicans say i won't support -- >
it's president and boehner. so the rest of ru russian us arg on sending messages by coming to your show. >> neil: the message i got is that you are not near a deal. is that accurate? >> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was...
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finally, the shot caller is boehner. the way he should get barack because he loves to smoke cigarettes a you know michele with thosepythons will choke him. golf with me. put your ssice. sigrid's service agent. he has that chesterfield no filters, and we will negoiate this will sme and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come back andontinue this negotiation in just moments. stay with us. stay with us. ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pincastle thing. and y realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register yo purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. can i still ship a gift in time r christmas? yeah, sure you can. great.
finally, the shot caller is boehner. the way he should get barack because he loves to smoke cigarettes a you know michele with thosepythons will choke him. golf with me. put your ssice. sigrid's service agent. he has that chesterfield no filters, and we will negoiate this will sme and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come back andontinue this negotiation in just moments. stay with us. stay with us. ♪ [ malennouncer ] it's tt time of...
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he met with speaker boehner yesterday. that's the first face to face in nearly a month and their one on one first one since july 2011. now, the other strategy as michigan congressman clark explains is going to the people. >> i think the best way to break this political gridlock in washington is to go to the american people because it's we the people that demand that the politicians and congress resolve this fiscal cliff but resolve in it a way that makes our country stronger. >> let me bring in the "news nation" political panel. neimalik henderson and goodfreend and contributor michael smerkonish. you the people, you talk to folks all day long on the radio show that you have that's syndicated in cities and states. what do you make of the president picking up where he left off so often going straight to the folks at snoem. >> he is really mained a full court press that began in the campaign season and never ended after election day and i think that two-prong attack you reference is good politics and seems to be working in l
he met with speaker boehner yesterday. that's the first face to face in nearly a month and their one on one first one since july 2011. now, the other strategy as michigan congressman clark explains is going to the people. >> i think the best way to break this political gridlock in washington is to go to the american people because it's we the people that demand that the politicians and congress resolve this fiscal cliff but resolve in it a way that makes our country stronger. >> let...
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speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear message to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones in this whole debate. >> so we ask the president, sit down with us, be serious about the specifics of spending. >> and i'll be available at any moment to sit down with the president to get serious about s
speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear message to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of...
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neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senator, a pleasure knowing you, i always gauge viewer interest in a p
neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state,...